Inflexion Private Equity acquires telematics insurance broker MyPolicy for £40m The company, which provides policies for first-time drivers and other niche customers, was founded in 1995 and has developed a proprietary algorithm to analyse driver data. The deal comes from Inflexion's Enterprise Fund IV. Read more.
I Can’t Believe It’s Not Butter rebrands to I Can’t Believe It’s So Good for Everything Unilever UK is investing £1m into a campaign to support the overhaul, including a television advert starting in March. The new name is intended to drive awareness of the product's versatility and value, according to the company. Read more.
Vacation home startup Stay Alfred raises US$15m in Series A funding The round was led by an undisclosed private equity group in Seattle. The company manages around 350 vacation homes in upscale apartment buildings and offers hotel-style services. It reported more than US$25m in revenues in 2016. Read more.